The Cashless Society Is Just Another Creepy Fantasy: Elaine Ou
published Oct 19th 2016, 12:40 pm, by Elaine Ou (Bloomberg View) — It’s fun to imagine a world without cash. Liberated from the burden of physical currency, consumers could make purchases from the convenience of a mobile device. Every transaction would come equipped with fraud protection, reward points and a
Look Who’s Driving the U.S. Housing Market
published Oct 19th 2016, 5:01 am, by Patrick Clark (Bloomberg) — Not very long ago, it was fashionable to ask if millennials would ever crawl out of their parents’ basements and into a realtor’s office. Enthusiasm for that view, which had gained wide exposure by 2012, lost steam as mortgages
Tale of the Tape: Trump Unbound in Final Showdown With Clinton
published Oct 19th 2016, 9:44 pm, by Justin Sink (Bloomberg) — Donald Trump had two choices to try to pull out of a dive in the polls during the final presidential debate: serious and sober, or classic, combative Trump. In a way, he tried both — and the contest Wednesday
Pressure Cited Against Marking Clinton E-Mails Classified
published Oct 17th 2016, 2:51 pm, by Chris Strohm, Andrew Harris and Ben Brody (Bloomberg) — A State Department team responsible for determining which records should be kept secret felt “immense pressure” not to label any of about 300 e-mails found on Hillary Clinton’s private e-mail server as classified, according
Rubio Stays With Trump, Taking Sides in Unfolding Republican War
published Oct 11th 2016, 3:57 pm, by Steven T. Dennis (Bloomberg) — Marco Rubio is still on Team Trump, sticking with the man who humiliated him as “Little Marco” in the primaries even as other Republicans ditched his embattled campaign in droves. There may be no better example of the
Can Alibaba’s Jack Ma Spread Jobs Around the World?: Adam Minter
published Oct 17th 2016, 5:00 pm, by Adam Minter (Bloomberg View) — Alibaba’s Jack Ma has big dreams. Having transformed Chinese retail, he’s now determined to reinvigorate globalization. The way to do so, according to his annual shareholder letter released last week, is for other countries to use or replicate
Congratulations America: Your Paycheck Will Soon Clear in One Day
published Sep 27th 2016, 1:16 pm, by Ben Steverman and Jennifer Surane (Bloomberg) — It’s Friday, and your paycheck is missing a zero. Even if payroll owns up to it, you could be waiting until Wednesday to get your money. Your power company is threatening a penalty for an overdue
Putin Hopeful Russia-U.S. Ties Can Be Restored After Elections
published Oct 16th 2016, 9:29 am, by Stepan Kravchenko (Bloomberg) — Russia hopes its ties with the U.S. can be restored after elections regardless of who wins, according to President Vladimir Putin. While Democrat Hillary Clinton so far is aggressive toward Russia and Republican Donald Trump wants cooperation, the Kremlin
Red Star Over Hollywood: ‘Dr. Evil’ Says China Wants the Movies
published Oct 16th 2016, 4:00 pm, by Anousha Sakoui and David McLaughlin (Bloomberg) — The billboard towers over Sunset Boulevard, a marionettist’s hand, a la “The Godfather” posters of decades ago, pulling the strings in Hollywood. It poses an unsettling question: “China’s Red Puppet?” The sign is the work of
Air Force Hardening Its ‘Flying Networks’ Against Cyber Threats
published Oct 13th 2016, 11:36 am, by Nafeesa Syeed (Bloomberg) — As the U.S. Air Force deploys pilots for combat, including the campaign targeting Islamic State, it’s accelerating efforts to harden the computer networks that control everything from warplanes’ navigation to weapons systems from cyber threats. A plane is a